Side-by-side economics: McCain/Palin vs. Obama/Biden

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monty
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15 Sep 2008, 11:32 am

Yesterday, Donald Luskin (one of McCain's economic advisers) said the economy is really doing quite well, and anyone who says otherwise is a weak-minded pessimist: housing prices are going up, foreclosures aren't really a problem, banks are basically sound, we are no where close to being in a recession. The idea that times are difficult are purely psychological, my fellow Americans.

http://www.washingtonpost.com/wp-dyn/co ... 02415.html



ToadOfSteel
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15 Sep 2008, 12:35 pm

monty wrote:
Yesterday, Donald Luskin (one of McCain's economic advisers) said the economy is really doing quite well, and anyone who says otherwise is a weak-minded pessimist: housing prices are going up, foreclosures aren't really a problem, banks are basically sound, we are no where close to being in a recession. The idea that times are difficult are purely psychological, my fellow Americans.

http://www.washingtonpost.com/wp-dyn/co ... 02415.html


I beg to differ...
http://www.nytimes.com/2008/09/06/busin ... ref=slogin
http://money.cnn.com/2008/09/05/news/ec ... 2008090511
http://www.nytimes.com/2008/09/15/busin ... ehman.html



ed
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15 Sep 2008, 12:52 pm

ToadOfSteel wrote:
monty wrote:
Yesterday, Donald Luskin (one of McCain's economic advisers) said the economy is really doing quite well, and anyone who says otherwise is a weak-minded pessimist: housing prices are going up, foreclosures aren't really a problem, banks are basically sound, we are no where close to being in a recession. The idea that times are difficult are purely psychological, my fellow Americans.

http://www.washingtonpost.com/wp-dyn/co ... 02415.html


I beg to differ...
http://www.nytimes.com/2008/09/06/busin ... ref=slogin
http://money.cnn.com/2008/09/05/news/ec ... 2008090511
http://www.nytimes.com/2008/09/15/busin ... ehman.html


I interpreted monty's remarks to be sarcastic... of course I could be wrong.



monty
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15 Sep 2008, 1:51 pm

ed wrote:
ToadOfSteel wrote:
monty wrote:
Yesterday, Donald Luskin (one of McCain's economic advisers) said the economy is really doing quite well, and anyone who says otherwise is a weak-minded pessimist: housing prices are going up, foreclosures aren't really a problem, banks are basically sound, we are no where close to being in a recession. The idea that times are difficult are purely psychological, my fellow Americans.

http://www.washingtonpost.com/wp-dyn/co ... 02415.html


I beg to differ...
http://www.nytimes.com/2008/09/06/busin ... ref=slogin
http://money.cnn.com/2008/09/05/news/ec ... 2008090511
http://www.nytimes.com/2008/09/15/busin ... ehman.html


I interpreted monty's remarks to be sarcastic... of course I could be wrong.


I was paraphrasing what McCain's advisor said - I don't agree with it at all. It could be construed as irony - the literal words he spoke are the opposite of what many believe to be true. But some people do believe what he said. Was I being sarcastic? Amazingly, no - although I have disbelief and contempt for what Luskin said, I was simply trying to characterize what he said. Similar to what Phil Gramm said a few months back about America being a nation of whiners when it comes to the economy ... no need to be sarcastic - just quote the man accurately.



Orwell
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15 Sep 2008, 5:24 pm

monty wrote:
Yesterday, Donald Luskin (one of McCain's economic advisers) said the economy is really doing quite well, and anyone who says otherwise is a weak-minded pessimist: housing prices are going up, foreclosures aren't really a problem, banks are basically sound, we are no where close to being in a recession. The idea that times are difficult are purely psychological, my fellow Americans.

http://www.washingtonpost.com/wp-dyn/co ... 02415.html

I call BS.


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monty
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15 Sep 2008, 5:34 pm

Orwell wrote:
monty wrote:
Yesterday, Donald Luskin (one of McCain's economic advisers) said the economy is really doing quite well, and anyone who says otherwise is a weak-minded pessimist: housing prices are going up, foreclosures aren't really a problem, banks are basically sound, we are no where close to being in a recession. The idea that times are difficult are purely psychological, my fellow Americans.

http://www.washingtonpost.com/wp-dyn/co ... 02415.html

I call BS.


On who?

(edited - ok, I am assuming the highlighted text means you don't think banks are sound.)



matrix
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16 Sep 2008, 2:56 pm

monty wrote:
Orwell wrote:
monty wrote:
Yesterday, Donald Luskin (one of McCain's economic advisers) said the economy is really doing quite well, and anyone who says otherwise is a weak-minded pessimist: housing prices are going up, foreclosures aren't really a problem, banks are basically sound, we are no where close to being in a recession. The idea that times are difficult are purely psychological, my fellow Americans.

http://www.washingtonpost.com/wp-dyn/co ... 02415.html

I call BS.


On who?

(edited - ok, I am assuming the highlighted text means you don't think banks are sound.)


Does Meryll Lynch ring a bell?


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monty
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17 Sep 2008, 12:34 pm

Scott Adams (the guy that wrote Dilbert) spent his own coin to find out what a sampling of 500 economists think on the question of Obama vs. McCain. Here are the results:

http://www.dilbert.com/blog/entry/dilbe ... conomists/